From Global Markets 12:08 pm
Markit's flash Eurozone Composite Output index showed a reading below 50 in May, indicating a contraction in business activity.
From Global Markets 10:50 am
Yields on Japan's long-term government bonds rose to more than 1% for the first time in 2013.
From Global Markets 9:17 am
Several Federal Reserve officials were in favour of slowing down bond-buying as early as their June meeting.
From Global Markets 8:51 am
The Australian sharemarket had its worst day in two months, pushed lower by Ben Bernanke's much anticipated testimony before congress last night. The All Ordinaries index (XAO) slumped by 2 per cent, adding to yesterday's 0.27 per cent losses.
From Tech 8:38 am
Apple is again attempting to block the sale of the hot-selling Samsung Galaxy S4 through legal means. It filed a lawsuit with the U.S. District Court for the Northern District of California which will rule on Apple's request on June 25.
From Politics & Policy 7:20 am
China has finally lifted the ban it imposed on New Zealand's lamb mutton and beef meat products.
From Global Markets 6:17 am
Markets hit by China's manufacturing data and reports of Fed favouring slowing down bond purchase.
From Economy 6:14 am
The telltale signs have already been there as early as 2012. It was just a matter of when will Ford Australia finally collect its guts to formally announce the closure of its manufacturing plants in Australia. That time came on Thursday as Ford Australia finally confirmed it is closing down and letting go 1200 jobs in the process.
From Global Markets May 22
-Sales and consumer sentiment soft-Pressure on margins from discounting/costs-Online gaining traction
From Global Markets 5:56 am
Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.